06-05-2015 (WEDC) Minutes Minutes
Wylie Economic Development Corporation
Board of Directors Meeting
June 5, 2015 —6:30 A.M.
WEDC Offices—Conference Room
250 South Highway 78—Wylie, Texas
CALL TO ORDER
Announce the presence of a Quorum
President Marvin Fuller called the meeting to order at 6:30 a.m. Board Members present were
John Yeager, Mitch Herzog, Demond Dawkins and Todd Winners.
Ex-officio members Eric Hogue, Mayor and Mindy Manson, City Manager was present.
WEDC staff present was Executive Director Sam Satterwhite and Sr. Assistant Angel Wygant.
CITI7,EN PARTICIPATION
With no citizen participation, Mr. Fuller proceeded to Action Items.
ACTION ITEMS
ITEM NO. 1 — Consider and act upon approval of the May 26, 2015 Minutes of the Wylie
Economic Development Corporation (WEDC)Board of Directors Meeting.
MOTION: A motion was made by Mitch Herzog and seconded by
John Yeager to approve the May 26, 2015 Minutes of the Wylie Economic
Development Corporation. The WEDC Board voted 5 — FOR and 0 —
AGAINST in favor of the motion.
DISCUSSION ITEMS
ITEM NO.2 —Discuss issues surrounding the FY 2015-16 WEDC Budget.
Analysis
Staff made an oral presentation surrounding the upcoming FY 2015-2016 WEDC Budget.
Highlights of revenue and expenses were presented for comment and feedback.
Staff anticipates presenting final budget to the City Council on July 28th which will require a
detailed presentation to the WE11C Board on June 18th, a possible second budget work session in
early July, and final consideration by the Board on July 17th.
Staff made no recommendation and requested no action on this item.
WEDC—Minutes
June 5, 2015
Page 2 of 2
EXECUTIVE SESSION
Recessed into Closed Session at 6:42 a.m. in compliance with Section 551.001, et.seq. Texas
Government Code, to wit:
Section 551.087 (Economic Development) of the Local Government Code, Vernon's Texas
Code Annotated (Open Meetings Act).
• Project 2015-2a
Section 551.072 (Real Estate) of the Local Government Code, Vernon's Texas Code Annotated
(Open Meetings Act). Consider the sale or acquisition of properties located near the intersection
of:
• Birmingham and Oak
• Cooper Drive and State Highway 78
RECONVENE INTO OPEN MEETING
The WEDC Board of Directors reconvened into open session at 7:37 a.m. and took no action.
ADJOURNMENT
With no further business, President Fuller adjourned the WEDC Board meeting at 7:37 a.m.
Marvin Fuller, President
ATTEST:
00— 15 _
Samuel Satterwhite,Director